Wednesday, January 11, 2006

Wednesday Watch

Late-Night Headlines
Bloomberg:
- A US campaign to rid the United Nations of corruption and inefficiencies has stalled, raising the prospect that Washington lawmakers will exact a financial penalty on the world body.

Wall Street Journal:
- The European Union says there is increasing evidence of illegal pricing among Chinese and Vietnamese shoemakers, citing EU officials it didn’t identify.

NY Times:
- World Cup champion Bode Miller might be thrown off the US ski team if he doesn’t apologize for comments about drinking alcohol before racing.

Congressional Quarterly:
- The Senate may vote Jan. 31 on Ben Bernanke’s nomination to succeed Alan Greenspan as head of the Federal Reserve, the last day of the departing chairman’s tenure.

Late Buy/Sell Recommendations
Goldman Sachs:
- Reiterated Underperform on (HRB).

Night Trading
Asian Indices are unch. to +.50% on average.
S&P 500 indicated -.09%.
NASDAQ 100 indicated -.09%.

Morning Preview
US AM Market Call
NASDAQ 100 Pre-Market Indicator/Heat Map
Pre-market Commentary
Before the Bell CNBC Video(bottom right)
Global Commentary
Asian Indices
European Indices
Top 20 Business Stories
In Play
Bond Ticker
Daily Stock Events
Macro Calls
Rasmussen Consumer/Investor Daily Indices
CNBC Guest Schedule

Earnings of Note
Company/EPS Estimate
(AEIS).06
(MTB)1.75

Upcoming Splits
(HITK) 3-for-2

Economic Releases
- None of note

BOTTOM LINE: Asian indices are mostly higher, led by semiconductor companies in the region. I expect US equities to open modestly higher and to build on gains into the afternoon. The Portfolio is 100% net long heading into the day.

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